GEN Exclusives

More »

GEN News Highlights

More »
Jun 8, 2009

Aileron Scores $40M in Financing to Advance Preclinical Stapled Peptides

Aileron Scores $40M in Financing to Advance Preclinical Stapled Peptides

Aileron has gained $40M in Series D financing from Big Pharma and others

  • Aileron Therapeutics completed a series D financing deal worth $40 million. The company says that the funding will help move the lead candidate from its stapled peptides program into clinical trials next year. It will also be used to expand the platform in oncology, immunity and inflammation, metabolic disorders, and infectious diseases.

    Glaxosmithkline's investment wing, SR One, and Excel Medical fund co-led the financing round. Contributions also came from Lilly Ventures, Roche Venture Fund, Apple Tree Partners, and Novartis Venture Fund. Previous rounds of financing netted the company $20 million.

    "We believe that stapled peptides could represent a 'fourth estate' in therapeutics, emerging as a major class akin to small molecules, antibodies, and vaccines," says Michael Diem, M.D., partner at SR One.



Related content

Jobs

GEN Jobs powered by HireLifeScience.com connects you directly to employers in pharma, biotech, and the life sciences. View 40 to 50 fresh job postings daily or search for employment opportunities including those in R&D, clinical research, QA/QC, biomanufacturing, and regulatory affairs.
 Searching...
More »

Be sure to take the GEN Poll

Using CRISPRs to Tame GMOs

With more climate-induced droughts and insect infestations on the horizon do you think technologies like CRISPR will change a lot of people’s minds about GMOs, including genetically engineered foods?

More »